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Banking and insurance
The Banking & Insurance sector – often referred to as the lifeblood of the real economy – is of vital importance in the modern credit-driven economic growth model. Among its functions are intermediation between savers and borrowers, ensuring funds are allocated efficiently; support of payment and settlement systems that facilitate trade and international economic relations; and provision of various products that mitigate risk and uncertainty. The accelerating pace of technological change, stricter regulation and shifting consumer habits are reshaping the traditional banking model and pushing the sector towards innovation-led growth.
Activities associated with Banking & Insurance are depositary and non-depositary credit intermediation and related activities, investment banking, securiti♛es brokerage, commodity contracts dealing and diverse financial investment activities. The sector also includes insurers, re-insurers and insurance brokerages, pension funds, health and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies. ꦬ
The agriculture 🧜sector is of paramount importance to the Ecuadorian economy. In 2017, it accounted for 9.3% of the country’s GDP, 43.8% of national exports, 26.1% of formal employment and 20.3% of total FDI flow. The sector was also one of the ...
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Argentina is the third largest power market in Latin America in terms of tot🔯al generation (136.5 TWh) and consumption per capita (2,931 kWh) as of 2017. During the 2010-2017 period, the electric power sector’s GVA in Argentina grew at a CAGR of ...
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Malaysia is the third largest manufacturer and market for motor vehicles, excluding motorcycles, in t🌠he ASEAN region, behind Thailand and Indonesia. The motor vehicle industry, including motorcycles, is dominated by passenger vehicles, which ...
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The year 2017 was stellar for the banking sector of Argentina. In the midst of economic recovery, bank loans and deposits surged by 48.8% anꦿd 26.9% y/y, respectively. Alongside revived household consumption, lending activity was boosted by an 11% ...
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In 2017, the Polish telecommunications sector was responsible for 2% of the country♋'s GDP (vs. 2.1% in 2016), while the entire ICT sector accounted for 4.9% of GDP (vs. 5% in 2016) and employed around 212,900 people. The Polish telecom market is a ...
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The Russian electric power sector is of strategic importance for the government, which controls key assets in the power system. The sector generated 2.6% of the country’s gros𒉰s domestic product (GDP) and employed 2.4% of the workforce in 2017. ...
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Indonesia’s tourism and leisure sector remains underdeveloped, especially in comparison 🐲to regional peers Thailand and Malaysia. The direct contribution of travel and tourism to the country’s GDP in 2017 was just 1.9%, compared with 9.4% ...
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The transportation and storage sector i🐠s one of the most important service sectors in the Czech economy. Its gross value added (GVA) amounted to CZK 258bn in 2017 and its share of the total GVA was 5.7%. The sector’s share of the services GVA ...
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The importance of the food manufacturing industry h🌳as always been crucial for the Polish economy's history and this has not changed nowadays: in 2016, the food sector's GVA was 2.7% of Poland’s total GVA and 2.39% of the country’s GDP, ...
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The beverages sector was responsible for around 3.3% of the GDP in 2017 and generated more than 300,000 direct and indirect jobs. Enterprises from the sector🏅 that employ more than nine persons each have a combined workforce of 22,000 people. Poland ...
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